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Recently, Dremio announced an investment from Cisco Investments that increased the total amount raised to $45 million. VentureBeat put together a great piece covering this event.
We enjoyed this bit:
“When we make any investment, we gain insight into new markets and offer our customers visibility into best-in-class innovation,” Rob Salvagno, a spokesperson for Cisco Investments, said in an emailed statement. “Dremio’s initial traction has been very promising … [and it] also is applicable to Cisco’s own internal movement towards digital transformation.”